What is Fractional Reserve Banking? Fractional reserve banking is a banking system in which banks are required to hold only a fraction of their depositors’ funds in reserve, and are allowed to lend out the rest. The reserve requirement is set by the central bank of a country and is typically a percentage of theContinue reading “Fractional Reserve Banking, Designed To Fail?”
Category Archives: economy
Is the Gig economy helping or hurting our finances?
The Gig Economy and its Impact on Personal Finance The gig economy, characterized by freelance and contract work, has been on the rise in recent years, and has particularly appealed to millennials seeking flexibility and autonomy in their careers. However, while the gig economy offers a number of benefits, it also presents unique financial challengesContinue reading “Is the Gig economy helping or hurting our finances?”
Millennial Money Takes 